Opening a new business is an exciting time but it can also be stressful as there is a lot to consider and do. At franchise finance Australia we aim to make the funding part of a new business setup as simple and fast as possible.
While the process of setting up a new business is different for each brand, it is often a good idea to get your finance approved before committing to other long term obligations such as franchise agreements and property leases.
You will always need to have some of your own capital invested in the project, but you can also preserve some of your money for other aspects of the business by using Franchise Finance Australia for your funding needs.
Are you a potential franchisee seeking funding for your new business? Franchise Finance Australia have flexible finance solutions to suit your needs.
The Operating Lease allows you to own your equipment over a fixed term. Choose your preferred term from 3, 4 or 5 years and have the confidence of knowing you can own the assets at the end of the term. Repayments can be 100% tax deductible and residual values can be considered if required.
If you prefer to own and depreciate the assets then we also offer a Chattel Mortgage. However don’t forget that repayments on a Chattel Mortgage are not 100% tax deductible. You can choose your preferred finance term and we will consider residual values where necessary.
A business loan can be used for starting, running or growing a business particularly when the requirements are not related to Equipment or Fitout.
The loan term can range from 12 months to 5 years and only the interest component of the repayments are tax deductible.
At Franchise Finance Australia we take the stress out of funding your new business and aim to make the entire process fast an easy. We know that you would appreciate a simple process, so we have delivered.
Apply online with Franchise Finance Australia. Our easy application takes 10 minutes.
Choose from our industry tailored finance solutions above.
Send us the invoices you would like us to fund.
Sign the contract and we pay your supplier directly.
Franchise Finance Australia are leaders in franchise finance, but don’t just take our word for it. We are the proud winners of the Fanchise Council of Australia’s Supplier of the Year award in 2019.
Being prepared is an important part of any finance application, below is a list of items you should have on hand to be application ready.
For loans under $50,000
For loans of over $50,000
Each application is assessed on a case by case basis, requirements may vary.
Here are answers to our most common questions, however if you have a different query or want more information, you can always talk to one of our friendly team members.
Franchise Finance Australia can generally give pre-approval within 24 hours of receiving your application.
Franchise Finance Australia can fund any assets relevant to our franchise business. This ranges from serialised assets, non-serialised assets and customer built equipment through to full store fitouts and refurbishments. Some examples of what we can fund include ovens, grills, fridges, point of sale and much more. If you are unsure, just give our friendly Customer Service Team a call and we can advise you further.
Your finance contracts will include a Direct Debit Authority. Completing this allows the electronic transfer of your contract repayments from your nominated bank account to Franchise Finance Australia.
Ongoing service, maintenance and repair of the equipment in the contract is your responsibility. Don’t forget that all new equipment comes with a manufacturers warranty for a minimum of 12 months.
In the first instance, you will need to get in contact with the equipment supplier. Check whether the warranty is still valid also. If your equipment supplier is unable to assist, please contact our team and we can aid in referring you to a repairer.
If your contract is an operating lease or a rental agreement, Franchise Finance Australia will email you about one month before the end of your contract term to provide you with the options available to you.
If your contract is a chattel mortgage or business loan, then your agreement will simply terminate at the end of the contract term.
If you would like to discuss your options sooner, please call our friendly Customer Service team on 1300 896 196.
Not to worry, simply call our friendly Customer Service Team on 1300 896 196 and they can assist you in this matter.